The Sucker Rally of 2013?

May 3, 2017 by Kin

Since Janary, the stock market has been on a non-stop bullish trend. While there are a lot of articles that argue stocks will reach new high this year (even though it already has) and much money’s flowing back into stocks from retail investors, there are enough nay sayers that speak of a coming market correction. This realy keeps us on our toes.

There have been more than nine insider sales for every one buy over the past week among NYSE stocks, according to Vickers. The last time executives sold their company’s stock this aggressively was in early 2012, just before the S&P 500 (^GSPC) went on to correct by 10 percent to its low for the year.

I know the sound investment strategy of buy-and-hold once you’ve picked your choice of investment but I wonder how everyone’s feeling? Do you think a market correction is coming? (Note a correctio is as least 5% and up to 20% price drop).

Will you sell portions to collect the gains now or just hold steady? What will you do?